Correlation Between CryptoStar Corp and Immutable Holdings

Can any of the company-specific risk be diversified away by investing in both CryptoStar Corp and Immutable Holdings at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CryptoStar Corp and Immutable Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between CryptoStar Corp and Immutable Holdings, you can compare the effects of market volatilities on CryptoStar Corp and Immutable Holdings and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CryptoStar Corp with a short position of Immutable Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of CryptoStar Corp and Immutable Holdings.

Diversification Opportunities for CryptoStar Corp and Immutable Holdings

-0.05

Correlation Coefficient

CryptoStar Corp  Immutable Holdings

Good diversification

The 3 months correlation between CryptoStar and Immutable is -0.05. Overlapping area represents the amount of risk that can be diversified away by holding CryptoStar Corp and Immutable Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Immutable Holdings and CryptoStar Corp is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CryptoStar Corp are associated (or correlated) with Immutable Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Immutable Holdings has no effect on the direction of CryptoStar Corp i.e., CryptoStar Corp and Immutable Holdings go up and down completely randomly.

Pair Corralation between CryptoStar Corp and Immutable Holdings

Assuming the 90 days horizon CryptoStar Corp is expected to generate 1.37 times more return on investment than Immutable Holdings. However, CryptoStar Corp is 1.37 times more volatile than Immutable Holdings. It trades about 0.04 of its potential returns per unit of risk. Immutable Holdings is currently generating about -0.06 per unit of risk. If you would invest  1.03  in CryptoStar Corp on August 26, 2025 and sell it today you would lose (0.19) from holding CryptoStar Corp or give up 18.45% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

CryptoStar Corp  vs.  Immutable Holdings

CryptoStar Corp

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in CryptoStar Corp are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, CryptoStar Corp reported solid returns over the last few months and may actually be approaching a breakup point.

Immutable Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Immutable Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's fundamental indicators remain nearly stable which may send shares a bit higher in December 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with CryptoStar Corp and Immutable Holdings

The main advantage of trading using opposite CryptoStar Corp and Immutable Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CryptoStar Corp position performs unexpectedly, Immutable Holdings can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Immutable Holdings will offset losses from the drop in Immutable Holdings' long position.

The idea behind CryptoStar Corp and Immutable Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.